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Side-by-side financial comparison of Enphase Energy (ENPH) and ROGERS CORP (ROG). Click either name above to swap in a different company.
Enphase Energy is the larger business by last-quarter revenue ($282.9M vs $200.5M, roughly 1.4× ROGERS CORP). ROGERS CORP runs the higher net margin — 2.2% vs -2.6%, a 4.9% gap on every dollar of revenue. On growth, ROGERS CORP posted the faster year-over-year revenue change (5.2% vs -20.6%). Enphase Energy produced more free cash flow last quarter ($83.0M vs $1.1M). Over the past eight quarters, ROGERS CORP's revenue compounded faster (-3.3% CAGR vs -3.4%).
Enphase Energy, Inc. is an American energy technology company headquartered in Fremont, California, that develops and manufactures solar micro-inverters, battery energy storage, and EV charging stations primarily for residential customers. Enphase was established in 2006 and is the first company to successfully commercialize solar micro-inverters, which convert the direct current (DC) power generated by solar panels into grid-compatible alternating current (AC) for use or export.
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
ENPH vs ROG — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $282.9M | $200.5M |
| Net Profit | $-7.4M | $4.5M |
| Gross Margin | 35.5% | 32.2% |
| Operating Margin | 54.0% | — |
| Net Margin | -2.6% | 2.2% |
| Revenue YoY | -20.6% | 5.2% |
| Net Profit YoY | -124.9% | 421.4% |
| EPS (diluted) | $-0.06 | $0.25 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $282.9M | $200.5M | ||
| Q4 25 | $343.3M | $201.5M | ||
| Q3 25 | $410.4M | $216.0M | ||
| Q2 25 | $363.2M | $202.8M | ||
| Q1 25 | $356.1M | $190.5M | ||
| Q4 24 | $382.7M | $192.2M | ||
| Q3 24 | $380.9M | $210.3M | ||
| Q2 24 | $303.5M | $214.2M |
| Q1 26 | $-7.4M | $4.5M | ||
| Q4 25 | $38.7M | $4.6M | ||
| Q3 25 | $66.6M | $8.6M | ||
| Q2 25 | $37.1M | $-73.6M | ||
| Q1 25 | $29.7M | $-1.4M | ||
| Q4 24 | $62.2M | $-500.0K | ||
| Q3 24 | $45.8M | $10.7M | ||
| Q2 24 | $10.8M | $8.1M |
| Q1 26 | 35.5% | 32.2% | ||
| Q4 25 | 44.3% | 31.5% | ||
| Q3 25 | 47.8% | 33.5% | ||
| Q2 25 | 46.9% | 31.6% | ||
| Q1 25 | 47.2% | 29.9% | ||
| Q4 24 | 51.8% | 32.1% | ||
| Q3 24 | 46.8% | 35.2% | ||
| Q2 24 | 45.2% | 34.1% |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 6.5% | 3.5% | ||
| Q3 25 | 16.1% | 7.3% | ||
| Q2 25 | 10.2% | -33.3% | ||
| Q1 25 | 9.0% | -0.2% | ||
| Q4 24 | 14.3% | -6.6% | ||
| Q3 24 | 13.1% | 6.9% | ||
| Q2 24 | 0.6% | 5.3% |
| Q1 26 | -2.6% | 2.2% | ||
| Q4 25 | 11.3% | 2.3% | ||
| Q3 25 | 16.2% | 4.0% | ||
| Q2 25 | 10.2% | -36.3% | ||
| Q1 25 | 8.3% | -0.7% | ||
| Q4 24 | 16.2% | -0.3% | ||
| Q3 24 | 12.0% | 5.1% | ||
| Q2 24 | 3.6% | 3.8% |
| Q1 26 | $-0.06 | $0.25 | ||
| Q4 25 | $0.29 | $0.20 | ||
| Q3 25 | $0.50 | $0.48 | ||
| Q2 25 | $0.28 | $-4.00 | ||
| Q1 25 | $0.22 | $-0.08 | ||
| Q4 24 | $0.46 | $-0.04 | ||
| Q3 24 | $0.33 | $0.58 | ||
| Q2 24 | $0.08 | $0.44 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $497.5M | $195.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $1.2B |
| Total Assets | $2.7B | $1.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $497.5M | $195.8M | ||
| Q4 25 | $1.5B | $197.0M | ||
| Q3 25 | $1.5B | $167.8M | ||
| Q2 25 | $1.5B | $157.2M | ||
| Q1 25 | $1.5B | $175.6M | ||
| Q4 24 | $1.6B | $159.8M | ||
| Q3 24 | $1.8B | $146.4M | ||
| Q2 24 | $1.6B | $119.9M |
| Q1 26 | — | — | ||
| Q4 25 | $1.2B | — | ||
| Q3 25 | $1.2B | — | ||
| Q2 25 | $1.2B | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | $1.3B | — | ||
| Q2 24 | $1.3B | — |
| Q1 26 | $1.1B | $1.2B | ||
| Q4 25 | $1.1B | $1.2B | ||
| Q3 25 | $995.0M | $1.2B | ||
| Q2 25 | $880.6M | $1.2B | ||
| Q1 25 | $810.7M | $1.3B | ||
| Q4 24 | $833.0M | $1.3B | ||
| Q3 24 | $931.4M | $1.3B | ||
| Q2 24 | $884.5M | $1.3B |
| Q1 26 | $2.7B | $1.4B | ||
| Q4 25 | $3.5B | $1.4B | ||
| Q3 25 | $3.3B | $1.4B | ||
| Q2 25 | $3.2B | $1.5B | ||
| Q1 25 | $3.1B | $1.5B | ||
| Q4 24 | $3.2B | $1.5B | ||
| Q3 24 | $3.3B | $1.5B | ||
| Q2 24 | $3.2B | $1.5B |
| Q1 26 | — | — | ||
| Q4 25 | 1.11× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.37× | — | ||
| Q1 25 | 1.48× | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | 1.40× | — | ||
| Q2 24 | 1.47× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $102.9M | $5.8M |
| Free Cash FlowOCF − Capex | $83.0M | $1.1M |
| FCF MarginFCF / Revenue | 29.3% | 0.5% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | — | 1.29× |
| TTM Free Cash FlowTrailing 4 quarters | $145.1M | $70.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $102.9M | $5.8M | ||
| Q4 25 | $47.6M | $46.9M | ||
| Q3 25 | $13.9M | $28.9M | ||
| Q2 25 | $26.6M | $13.7M | ||
| Q1 25 | $48.4M | $11.7M | ||
| Q4 24 | $167.3M | $33.7M | ||
| Q3 24 | $170.1M | $42.4M | ||
| Q2 24 | $127.1M | $22.9M |
| Q1 26 | $83.0M | $1.1M | ||
| Q4 25 | $37.8M | $42.2M | ||
| Q3 25 | $5.9M | $21.2M | ||
| Q2 25 | $18.4M | $5.6M | ||
| Q1 25 | $33.8M | $2.1M | ||
| Q4 24 | $159.2M | $18.3M | ||
| Q3 24 | $161.6M | $25.2M | ||
| Q2 24 | $117.4M | $8.8M |
| Q1 26 | 29.3% | 0.5% | ||
| Q4 25 | 11.0% | 20.9% | ||
| Q3 25 | 1.4% | 9.8% | ||
| Q2 25 | 5.1% | 2.8% | ||
| Q1 25 | 9.5% | 1.1% | ||
| Q4 24 | 41.6% | 9.5% | ||
| Q3 24 | 42.4% | 12.0% | ||
| Q2 24 | 38.7% | 4.1% |
| Q1 26 | — | 2.3% | ||
| Q4 25 | 2.8% | 2.3% | ||
| Q3 25 | 2.0% | 3.6% | ||
| Q2 25 | 2.3% | 4.0% | ||
| Q1 25 | 4.1% | 5.0% | ||
| Q4 24 | 2.1% | 8.0% | ||
| Q3 24 | 2.2% | 8.2% | ||
| Q2 24 | 3.2% | 6.6% |
| Q1 26 | — | 1.29× | ||
| Q4 25 | 1.23× | 10.20× | ||
| Q3 25 | 0.21× | 3.36× | ||
| Q2 25 | 0.72× | — | ||
| Q1 25 | 1.63× | — | ||
| Q4 24 | 2.69× | — | ||
| Q3 24 | 3.72× | 3.96× | ||
| Q2 24 | 11.73× | 2.83× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
